Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. given the below assumptions, what is the level of

Given the below assumptions, what is the level of sales required for a two department...

80.2K

Verified Solution

Question

Finance

image

Given the below assumptions, what is the level of sales required for a two department (food and beverage) restaurant to achieve a 12% ROI on an investment of $8,000,000? Food sales are forecasted at $1,500,000 Food costs amount to $500,000 Total sales amount to $2,000,000 Beverage generate the remainder of sales with a variable cost of 25% The restaurant's tax rate is 30% Annual fixed costs amount to $1,000,000

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

(a) Using a diagram explain the systems approach to management.(15 marks).(b) Assuming the organisation...(a)...

Accounting
Q

What are the possible hazard and risk that may affect the construction?

Civil Engineering
Q

Introduction: Case Study: Surgical Robot Arms Race In the greater Seattle-Tacoma area, an arms race continues between hospitals...

Accounting
Q

Decide if regression should be done at the alpha 0.05 level, then use that information...

Basic Math
Q

A manufacturer of chocolate chips wou ufficient ovidence at the 0 05 level tha

Statistics
Q

robability distribution to the of hits a baseball player obtained in a game over the...

Statistics
Q

Select the equivalent expression 1 3 p 12

Calculus
Q

Find the indefinite integral Stan u 13 du

Calculus
Q

12 If y x 2 x x 4 calculate y Answer y 2 x 2...

Calculus
Q

Listed below are year-end account balances ($ in millions) taken from the records of Symphony...

Accounting
Q

Fast Trax Amusement Park paid $320,000 for a concession stand. Fast Trax started out ...

Accounting
Q

Required information The following information applies to the questions displayed below. On April 27 of...

Accounting